This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: At low levels of output, the economy can expand with little or no increase in the overall price level because (Read 96 times)

MGLQZ

  • Hero Member
  • *****
  • Posts: 579
on: Apr 19, 2019

Question 1

If firms believe that a downturn in sales and output is temporary and that increased output will be needed in the future, they may choose to


◦ fire all their workers.
◦ sell off the plant.
◦ close a plant permanently.
◦ reassign their workers to different jobs.

Question 2

At low levels of output, the economy can expand with little or no increase in the overall price level because


◦ at low levels of output the aggregate supply curve is negatively sloped.
◦ people will be expecting the price level to fall.
◦ there is excess supply so prices are kept low.
◦ firms likely hold excess labor and capital, and production can be increased without causing input prices to increase.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by MGLQZ on Apr 19, 2019

l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


MGLQZ

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Apr 19, 2019
Thanks


l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

(A) The levels of the spinal cord and spinal nerves. (B) Photograph of the spinal cord as it descend (A) The levels of the spinal cord and spinal nerves. (B) Photograph of the spinal cord as it descend
Some vehicles use a surge tank, which is located at the highest level of the cooling system, with ... Some vehicles use a surge tank, which is located at the highest level of the cooling system, with ...
Scatterplots of Variables Having Several Different Levels of Correlation Scatterplots of Variables Having Several Different Levels of Correlation
How to expand a polynomial (Part 1) How to expand a polynomial (Part 1)
Coastal sensitivity to rising sea levels Coastal sensitivity to rising sea levels
Increase in rainfall on continents Increase in rainfall on continents
Video: Introduction to Genetics

For a complete list of videos, visit our video library